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Miesiąc: marzec 2012

Audit finds violations at Apple supplier

Audit finds violations at Apple supplier

A heavily anticipated report on working conditions at Apple supplier Foxconn documents dozens of major labor-rights violations, including excessive overtime, unpaid wages and salaries that aren’t enough to cover basic living expenses.

Like a bear in a China shop

Like a bear in a China shop

Contact lenses, diamonds and boiled eggs are things that are better hard than soft. But economic landings in China? That’s a different story.

U.S. economy to outpace Europe

U.S. economy to outpace Europe

U.S. growth is expected to outpace the stagnant economies of European nations in the first half of 2012, according to an Organization for Economic Co-operation and Development (OECD) report released Thursday.

A Putin nemesis gains ground

A Putin nemesis gains ground

ladimir Putin is back as Russia’s President, a position he previously held for eight years. That’s hardly news: His election in March was guaranteed by a regime that some experts describe as corrupt and bullying. Despite Putin’s power, many predict he’ll be ousted before his term expires in 2018. „The change will be fueled by the anger of the new middle class,” Russian chess legend Garry Kasparov says. „I would bet my bottom dollar that six years is a term…

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Banco Santander’s Emilio Botín takes on the world

Banco Santander’s Emilio Botín takes on the world

The view from Banco Santander’s flying-saucer-shaped headquarters, sitting atop a sprawling 340-acre campus outside Madrid, is breathtaking. You can see the bank’s championship 18-hole golf course, a nursery for 550 children, and a grove of 1,000-year-old olive trees transplanted from Sicily at a reported cost of $50,000 a pop. Given all that opulence, you’d never guess that Emilio Botín, the 77-year-old chairman of continental Europe’s biggest bank by market capitalization, is having his worst year ever. „We’re in an international…

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Who is the real Bo Xilai?

Who is the real Bo Xilai?

A political power struggle has erupted in China after the controversial politician was removed from his position. Here’s how the charismatic leader evolved from victimizer to victim.

Dodd-Frank’s escape hatch for foreign banks

Dodd-Frank’s escape hatch for foreign banks

Foreign banks may have come up with a way to remain eligible for U.S. bailouts without having to follow some of the pesky rules that came out of the financial crisis, rules that were meant to prevent future taxpayer rescues.

U.S. to impose tariffs on Chinese solar panels

U.S. to impose tariffs on Chinese solar panels

The U.S. Commerce Department announced tariffs on Chinese-made solar panels on Tuesday that it said had benefited from unfair subsidies by Beijing. The preliminary ruling came in response to a complaint from SolarWorld Industries America, a U.S. manufacturer that is a subsidiary of Germany’s SolarWorld. The tariffs were lower than many analysts had predicted, however, boosting shares of Chinese solar-panel makers in Tuesday’s trading. China’s Yingli Green Energy closed up 12%, while Suntech Power was up 14% and Trina Solar…

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Greece default insurance pays out $2.5 billion

Greece default insurance pays out $2.5 billion

Investors holding insurance contracts on Greek government bonds will receive more than $2.5 billion in compensation after the country pulled off a complex debt restructuring. (see correction below)

VW is winning in Europe – and nearly everywhere else

VW is winning in Europe – and nearly everywhere else

FORTUNE — As Europe wallows in economic doldrums, at least one native son is thriving. Germany’s Volkswagen AG, which has its sights set on becoming the world’s top auto firm before the decade is out, is making headway. Across a broad range of businesses, the company’s aggressive expansion plans are bearing fruit and the Greek dynamics of the firm’s controlling families have settled down. The woes of its global rivals haven’t hurt, either.